FCA's Bailey still frontrunner for BoE job despite testing few months

Odds widened to 2/1

clock • 2 min read

FCA chief executive Andrew Bailey continues to be the bookmakers' favourite to take over from Mark Carney as Bank of England governor, despite recent industry scandals that may have dented his chances.

Bailey, who took over from Martin Wheatley as Financial Conduct Authority (FCA) CEO on 1 July 2016 to steer the UK through the Brexit process, having been appointed by George Osborne, is a current 2/1 shot with Betway to secure the job. But a pair of recent scandals, including the still-running Neil Woodford saga as well as the collapse of London & Capital Finance, have seen his odds widen. In April, he was as shot as 1/2 to take over, according to comparison website Oddschecker. The suspension of the LF Woodford Equity Income fund, run by the UK's highest-profile stockpicker, has ser...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

Targeted support regime welcome but rules need 'adjustments'

Targeted support regime welcome but rules need 'adjustments'

Advisers, providers and trade bodies call for clarity as consultation closes

Sahar Nazir
clock 29 August 2025 • 4 min read
SMCR reform needs efficiency without sacrificing accountability

SMCR reform needs efficiency without sacrificing accountability

'If we lose sight of the SMCR's fundamental purpose we risk undoing years of progress'

Shaun Hurst
clock 28 August 2025 • 4 min read
FCA impersonation scam reports hit almost 5,000 in six months

FCA impersonation scam reports hit almost 5,000 in six months

480 victims defrauded

Cristian Angeloni
clock 27 August 2025 • 1 min read